Earlier this year, New Mexico took a first step toward making health care prices more transparent with the launch of a website, nmhealthcarecompare.com, where anyone can find the average prices paid by Medicaid for nine common, non-emergency procedures at each of the state’s 44 hospitals. The website, which was created as a result of legislation that Think New Mexico drafted and advocated for, also includes quality metrics for the hospitals, such as 30-day readmission rates and patient ratings.
Now it is time to take the next step: adding the average prices paid by New Mexicans who are covered by individual or employer-provided insurance policies. A growing number of other states, including our neighbors in Colorado and Utah, are pulling back the veil on health care prices by creating All-Payer Claims Databases (APCDs), which collect information on the prices paid for health care by all payers and allow those states to provide information about the average costs of care for people with different types of insurance.
During the 2019 legislative session, Think New Mexico will be advocating for New Mexico to create an APCD to make health care prices more transparent and empower New Mexicans to find the most affordable, highest quality health care. Read our guest editorial and learn more about this initiative!